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MARKET WRAP: Bitcoin $BTC is declining less than alts, indicating a lower appetite for risk among traders. Meanwhile, global officials are calling for more crypto regulations.
#Bitcoin dominance is advancing 1% today, and is up around 10% since the collapse of Terra Luna and $UST, signaling that investors are selling their more speculative altcoins for $BTC. Watch Chart of the Day, presented by @cryptocom :
What's an appropriate regulatory approach to algorithmic stablecoins? "The natural endpoint is that algorithmic stablecoins are simply told 'you need to be collateralized because that's the only way you can protect your users,'" @MakerDAO 's @RuneKek says.